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TVS MOTOR COMPANY LTD
Long

TVS Motors Ascending Triangle

By Prabodhan_K
TVSMOTOR CMP: 564/-
set to breakout in Double Bottom formation with Ascending Triangle Pattern..
also it is giving 200EMA BO at the same time..
Which indicates Stock is ready for long term reversal..
One can Initiate LONG with SL near BO candle Low (545/-) or below 200 EMA at 550/- (shorter)..
Target of Triangle Pattern BO would be DEPTH of pattern..
first small target of 595-600, and positional target of this pattern 625-630
Always Trade with Proper Stop Loss..

**Educational Purpose
200emabreakoutAscending TriangleChart PatternsDouble BottomTechnical IndicatorsTrend AnalysisTVSMOTOR
Prabodhan_K
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